date:Jun 08, 2013
The EU's executive Commission found that the market would still face sufficient competition after the two firms merged.
In the markets for the production and sale of semi-finished cocoa products, the parties' activities focus on different regions, since Petra Foods is mainly active in Asia, the Commission said in a statement.
The Swiss-based firm is the world's biggest maker of finished chocolate products for clients such as Nestle and Hershey, and buys roughly 650,000 tonnes of cocoa annually